Enhancing Digital Signature Legitimateness for Photo Licensing Agreement in United Kingdom

How to eSign a document: digital signature legitimateness for Photo Licensing Agreement in United Kingdom

hey buddy Steven key here I want to talk about when things go wrong because they do oh just because you license an idea to a company doesn't mean that once it hits the shelf companies are going to buy it right and I have the story it's it's a terrible story but I'm going to share it with you anyway and I haven't shared this story with anybody so you get here for the first time when I was doing the spin label having a blast I was pretty excited and I kind of went into the industry went back out and I got back in again because I became a Disney licensee and they saw my spin label and they thought it'd be great for a project they were working on they wanted to put it on kids juice because my label would tell a story and Disney tell stories it was a perfect fit and I knew right away I needed to stay with it that's one tip I want to tell you guys whatever project you're working one working on with your potential licensee if you can stay with it it's always better to make sure they hit their dates you might have some manufacturing issues and maybe you're not a manufacturing guy but at least you might be able to help somehow don't let them feel like they're all alone especially when things go wrong just stay with it sometimes they miss dates oh geez and sometimes things just happen so you have to have a good attitude and don't flip out because I'm gonna take a terrible story here and be prepared for the worst I had license like I said I was Disney had license my life my technology plus their brand Disney to a beverage company called ABC beverage and they were going to come out with the juice using my technology I was really excited they're going to call it a twist and chill in fact let me let me show you the product right here you can see it okay and it was basically a juice for kids so great product I thought great great timing using my spin label in fact you can see it right here how it works let's see if I can get this we have enough you can see that I don't know if you can't see it I made me see this better I know go go go go go anyway I'm excited about it we do all this work I go down to make sure everything's going right with the manufacturing process and of course never nothing never goes right but I stayed close with it we got over all the obstacles and sure enough the product finally hits the Shelf now you're not gonna want to hear this just because you sign the licensing deal and just because you're on Disney and just because you've got this great technology and just because it gets to the store shelf things can go wrong and it did go wrong we didn't say it didn't sell it didn't sell so and the reason why was a couple of reasons they placed it in a price at right it should have been maybe a lower concentrate of juice so they could hit a different price point but more than that it hit that the timing wasn't right it hit 2008 when the economy was going down the product was too expensive people were cutting back and even though it was a my technology on Disney it didn't sell it bomb so it was done it was over now here's the lesson here for someone I don't care for it for anybody what do you do when something goes wrong it's gonna happen all the time it's happened to me many times even even getting on the shelf some things don't work right so you want to stay with it as much as you can but the public has to pick and sometimes they like it sometimes they not they don't maybe the manufacturing something went wrong with the packaging is wrong who knows so protect yourself there you go that's the point here protect yourself even though you think you've got a winner and even think even though everything is going just perfect things can go wrong so come up with a lot of ideas learn how to license your creativity please because you can do a lot of projects you can do multiple products you can set the multiple companies and you can have all these projects up in the air and your chances of success of hitting it's gonna be far greater also if you have multiple products on the shelf at one time the royalties are just that much better and if one doesn't do well it doesn't matter because you got another one that's making money so protect yourself learn as much as you can about this industry keep learning about licensing keep watching these videos please if you haven't gone to invent right.com please do we have a lot of free stuff over there I've been coaching inventors for over 16 years I know how to do this I can teach you how to do this either through my books my youtube my articles or even our coaching program it doesn't matter to me but I want you to get in the game one way or the other get that creativity out have a blast you don't have to quit your day job you don't have to get silly but get in the game learn about licensing it's a great time and if you fall down just get back up and do it again you never truly fail unless you quit there you go once again stephen key thanks for watching and I'll see ya next time you